Sec. 364.052. TERMS; FORM. (a) Bonds issued under this chapter must be in the form and denomination and bear the rate of interest prescribed by the commissioners court.
(b) The bonds may be:
(1) sold at a public or private sale at a price and on the terms determined by the commissioners court; or
(2) exchanged for property or an interest in property determined by the commissioners court to be necessary or convenient to the purposes authorized by this chapter.
(c) The bonds are investment securities under Chapter 8, Business & Commerce Code.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 5 - Sanitation and Environmental Quality
Subtitle B - Solid Waste, Toxic Chemicals, Sewage, Litter, and Water
Chapter 364 - County Solid Waste
Section 364.051. Authority to Issue Bonds
Section 364.053. Approval and Registration
Section 364.054. District Bond Validation by Suit
Section 364.055. Investment and Use of Proceeds
Section 364.056. Refunding of Bonds
Section 364.057. Legal Investments; Security for Deposits
Section 364.058. Adjustment of Rates and Changes to Maintain Adequate Revenue